EPFO: Giving great news to crores of account holders, the central government has increased the interest rate on the Employee Provident Fund. According to sources in news agency PTI, EPFO has decided to pay interest at the rate of 8.15 per cent.
EPFO hikes interest
It has been decided by the Employee Provident Fund Organization to give an interest rate of 8.15 percent for the EPF account holders for the financial year 2022-23. In this way, more than 6 crore EPU account holders of the country will get increased interest and more money will come in their account. Last year i.e. for the year 2021-22, this interest rate was at the rate of 8.10 percent.
As soon as the interest rates are decided by the Central Board of Trustees (CBT), the Ministry of Finance has to take out the notification to come into effect of these interest rates.
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